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US carmakers report March sales gains despite rising petrol prices
Published in Saudi Press Agency on 01 - 04 - 2011

Akhir 27, 1432 H/April 1, 2011, SPA -- US carmakers on Friday reported strong sales
gains in the United States for the month of March, overcoming rising
petrol prices as the industry continues to pick itself up out of a
deep downturn in the past few years, according to dpa.
Ford was the biggest winner last month, reporting a 19.2-per-cent
increase over March 2010 to 212,777 vehicles. That put it on track to
become the largest US car manufacturer.
Ford's main rival, General Motors, currently the largest US
carmaker, reported a 9.6-per-cent increase in vehicle sales to
206,621.
The gains for both carmakers come as rising oil prices globally
have driven up the cost of petrol in recent months. Both companies
have said they are better prepared than in the past for a price spike
after refocusing their production on smaller and fuel-efficient cars
in the last few years.
With gasoline prices eclipsing 3.50 dollars a gallon (0.65 euros
per litre), consumers are placing a high priority on fuel efficiency
in every size and kind of vehicle," Ken Czubay, Ford's vice president
of sales, said in a statement. "Customers are rewarding Ford for our
investment in new products as well as more efficient engines and
transmissions."
Ford trumpeted sales of its compact Fusion and Fiesta, launched in
the United States last year, while GM said sales were fuelled by
demand for its new Chevy Cruze compact car.
Other carmakers were due to release US car sales later Friday.


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